On May 26th, 2012, China's tire industry, the first listed company to issue A- and B-shares, state-owned asset holdings, Shanghai Shuangqian Group Co., Ltd. has come to the 20th anniversary of its listing. After 20 years of development, the company’s total assets have increased from 2.984 billion yuan at the beginning of listing to 8.925 billion yuan in 2011; sales revenue has increased from 15.3 billion yuan to 10.927 billion yuan; and the production of all-steel radial tires has grown from 180,000. To nearly 7 million.
Shuangqian Company is a joint venture of the largest tire manufacturer in China, Shanghai Great China Rubber Factory and Shanghai Zhengtai Rubber Factory. On May 26, 1992, Shuangqin shares were listed on the Shanghai Stock Exchange. In the 20 years since its listing, the company has used foreign funds to introduce advanced foreign technology and equipment to accelerate the industrialization of all-steel radial tires, and has established four domestic tire production bases in Minhang, Jiangsu Rugao, Chongqing Shuangqiao and Anhui. The product has grown from a series of 35 varieties to nearly 500 varieties of all six steel wire radial tires, light-duty truck tires, construction machinery tires, engineering industrial tires, snow tires, agricultural tires, etc. The initial increase of nearly 40 times. Through scientific and technological advancement and quality improvement, Shuangqian shares in the all-steel meridian carrying tires, engineering tires, agricultural tires and other fields, "double money", "return force" two outstanding national brands renowned at home and abroad.
In the future, Shuangqin will accelerate the combination of technical R&D and industrial production. By the end of the “Twelfth Five-Year Planâ€, it will achieve a revenue of RMB 20 billion from its main business, with an annual output of 10 million sets of all-steel radial tires and 10 million sets of radial passenger tires. The goal is to become China's most professional light tire manufacturer and service provider.
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